How we're different
We are not like other banks - profit for purpose is our business model and we are 100% owned by members
- Teachers Mutual Bank Limited
- About us
- How we're different
How we're different
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Our bank is a force for good, and our commitment to socially responsible banking is certified by third party assessments, providing our members confidence that we are banking for good.
- A Certified B Corporation
- A Responsible Investment Leader
- Owned by our members
- Strong, secure, profitable and growing
- Award-winning service
We put our members first
At Teachers Mutual Bank Limited we’re owned by members for the benefit of members. What our members want aligns with what we deliver. It’s a mutually beneficial relationship.
Instead of profits being distributed to institutional shareholders and investors via dividends, a part of our profits are re-invested back into the Bank to benefit all members and the communities they support.
We're consistently recognised as one of Australia's top financial institutions in customer satisfaction rankings, showing the success of our model.
While we’re a different bank, we’re still a bank
We’re strong, secure and profitable with a growing asset and membership base.
Teachers Mutual Bank Limited is an Authorised Deposit-Taking Institution, regulated by the Banking Act 1959. We meet the same prudential standards as all other banks and the $250,000 government guarantee on deposits also applies to us.
It also means we're supervised by the banking regulator Australian Prudential Regulation Authority (APRA) and meet or exceed the relevant capital and regulatory requirements.
Further to this, as a mutual bank we abide by the Customer Owned Banking Code of Practice.